7 On January 1, 2020, Shout Company sold 12% bonds having a maturity value of $650,000 for $699,280, which provides the bondholders with a 10% yield. The bonds are dated Jury 1, 2, mature January 1, 2025, with interest payable December 31 of each year. Shout Company allocates interest and unamortized discount or premium on the effective-terbai Prepare the journal entry to record the interest payment and the amortization for 2020. Prepare the journal entry to record the interest payment and the amortization for 2022. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph x x Arial 10pt - + 3 ~ # A BB 33